Providing for Control and Regulation of Bank Holding Companies, Hearings Before ..., 80-1 on S. 829 ..., May 26, June 2 and 11, 19471947 - 186 pages |
From inside the book
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Page 47
... common that if we had an extensive branch banking system in place of the innumerable small country banks that they would have weathered the storm more successfully . Do you feel that the small banks are in a better position now than ...
... common that if we had an extensive branch banking system in place of the innumerable small country banks that they would have weathered the storm more successfully . Do you feel that the small banks are in a better position now than ...
Page 48
... common usage , to express a method of industrial banking , so generally recognized as to have a place in the dictionary . The Morris Plan Corporation owns a majority stock interest in 17 relatively small banks located in 24 cities in 8 ...
... common usage , to express a method of industrial banking , so generally recognized as to have a place in the dictionary . The Morris Plan Corporation owns a majority stock interest in 17 relatively small banks located in 24 cities in 8 ...
Page 51
... common experience of the American businessman , whether or not he is engaged in banking , denies that the foregoing conditions actually exist . ( a ) Bank competition in general It must be a distinct surprise to the American banker and ...
... common experience of the American businessman , whether or not he is engaged in banking , denies that the foregoing conditions actually exist . ( a ) Bank competition in general It must be a distinct surprise to the American banker and ...
Page 56
... common knowledge . If subsidiary banks of bank holding companies , or banks of any kind , are in fact engaging in unsound practices , the condition is an indictment of the Federal Reserve Board , the Comptroller of the Currency , the ...
... common knowledge . If subsidiary banks of bank holding companies , or banks of any kind , are in fact engaging in unsound practices , the condition is an indictment of the Federal Reserve Board , the Comptroller of the Currency , the ...
Page 61
... common stock to the accumulation of a reserve fund , it could pay only 6 cents per annum to its preferred stockholders . Since the preferred divi- dend would be in default , the common stockholders would receive no dividends until the ...
... common stock to the accumulation of a reserve fund , it could pay only 6 cents per annum to its preferred stockholders . Since the preferred divi- dend would be in default , the common stockholders would receive no dividends until the ...
Common terms and phrases
acquire affiliates amendments American General Corp approval assets authority bank holding company Bank of America bank stocks Bankers Association Banking Act banking business BEASLEY bill branch banking Calif certificates CHAIRMAN comakers committee Comptroller Congress controlled banks Currency Deposit Insurance Corporation directors dividends ECCLES existing fact FDIC Federal Deposit Insurance Federal Reserve Act Federal Reserve Board Federal Reserve System Giannini holders Holding Company Act HUNTINGTON independent bankers Industrial Bank interest Investment Company Act Kentucky legislation loan majority member banks ment monopoly Morris Plan banks Morris Plan Corp National Bank nonbanking officers operations pany percent person president purchase purpose referred registered investment company regulation Reserve Act 12 Senator BUCK Senator CAIN Senator FLANDERS Senator ROBERTSON shareholders Shawmut Association Spokane statement Statutes stockholders subsidiary banks thereof tion TOBEY Total Transamerica trust estate Trustees United States Senate voting permit voting shares
Popular passages
Page 8 - If any provision of this Act or the application of such provision to any person or circumstance shall be held invalid, the remainder of the Act and the application of such provision to persons or circumstances other than those as to which it is held invalid shall not be affected thereby.
Page 6 - That any person who shall neglect or refuse to attend and testify, or to answer any lawful inquiry, or to produce documentary evidence, if in his power to do so, in obedience to the subpoena or lawful requirement of the commission...
Page 6 - No objection to the order of the Board shall be considered by the court unless such objection shall have been urged before the Board or unless there were reasonable grounds for failure so to do.
Page 6 - If either party shall apply to the court for leave to adduce additional evidence, and shall show to the satisfaction of the court that such additional evidence is material and that there were reasonable grounds for failure to adduce such evidence in the hearing...
Page 6 - ... and any failure to obey such order of the court may be punished by such court as a contempt thereof. All process in any such case may be served in the judicial district whereof such person is an inhabitant or wherever he may be found.
Page 90 - An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Page 6 - Commission, on the ground that the testimony or evidence, documentary or otherwise, required of him, may tend to incriminate him or subject him to a penalty or forfeiture; but no individual shall be prosecuted or subjected to any penalty or forfeiture for or on account of any transaction, matter, or thing concerning which he is compelled, after having claimed his privilege against self-incrimination...
Page 5 - Commission or any officer designated by it is empowered to administer oaths and affirmations, subpena witnesses, compel their attendance, take evidence, and require the production of any books, papers, correspondence, memoranda, or other records which the Commission deems relevant or material to the inquiry.
Page 6 - Board, its member, agent, or agency, there to produce evidence if so ordered, or there to give testimony touching the matter under investigation or in question ; and any failure to obey such order of the court may be punished by said court as a contempt thereof.
Page 7 - ... for as many persons as there are directors or managers to be elected, or to cumulate said shares, and give one candidate as many votes as the number of directors multiplied by the number of his shares of stock shall equal, or to distribute them on the same principle among as many candidates as he shall think fit; and such directors or managers shall not be elected in any other manner.